PNM Resources (PNM) Raises Quarterly Dividend 6.5% to $0.3275; 2.7% Yield

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Go back to PNM Resources (PNM) Raises Quarterly Dividend 6.5% to $0.3275; 2.7% Yield

PNM Resources Increases Common Dividend, Schedules 2021 Ongoing Earnings Guidance Call for December 17

December 4, 2020 4:30 PM EST

ALBUQUERQUE, N.M., Dec. 4, 2020 /PRNewswire/ -- The Board of Directors of PNM Resources (NYSE: PNM) today unanimously voted to increase the company's annual dividend payment by $0.08, a 6.5 percent increase, to an indicated annual rate of $1.31 per share of common stock. This is consistent with the company's stated target to pay out 50 to 60 percent of annual ongoing earnings. The board has declared the resulting quarterly stock dividend of $0.3275 per share, payable February 16, 2021, to shareholders of record at the close of business February 3, 2021.

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